Apple Shares will Collapse this Year (I am buying this option)I hate stocks alright. I am also not a fan of apple. But I figured I'd turn the old money printer back on and buy a put option on apple for Nov 19 @ 135. Far out of the money, but it fits my risk tolerance and gives apple time to fall. Not financial advice, just saw an opportunity for myself and perhaps you guys too. My put is already up 60%, I'm holding till I feel apple has fallen enough, but take profits when you want. I am expecting apple shares to fall below 135 as
a major selloff occurs in the stock market. It may be this year, maybe next, but it will happen. Apple shares are in a bearish pattern (distribution), and also has bad press as privacy concerns arise.
T-distribution
BTC to head back down to 20-24K With the huge dump on "Bitcoin Day", it appears to be completing a very similar DISTRIBUTION pattern that we experienced during the last bull run (albeit on a smaller scale).
I predict it will climb back up over the next few days and complete a LOWER HIGH around the 50k mark (plus or minus 1k). Then bounce off the FIB lines as we head on down to December 2020 Support
The bounce up may present opportunities to reevaluate your risk levels for a Bullish break or confirmation of the DISTRIBUTION pattern.
<TradeVSA> SGX - Clear Sign of Distribution with Red PentagonSign of Weakness in the chart:
1. Red Pentagon high volume
2. Price drop 20/40ma with high volume
3. No demand
4. No reversal with Sign of Strength
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
BTC price reversal: comparisonThis could be nothing. Perhaps too simplistic, but the recent rally ending in May looks eerily similar to this recent run. Comparing 1D between FEB and MAY with 12h between July and now. No Elliot/Wyckoff stuff here, simply annotating the tops for comparison. Apart from the price forming a very similar pattern, notice how the volume on both is decreasing and how similarly RSI is printed below their respective waves on both timeframes.
I'd be looking for one or all of these to happen on the 12h in the next days/weeks:
RSI crashing below 50
Break in market structure - forming a lower low
RSI failing to break back above 50 - failing to re-establish the uptrend
Forming a lower high (D) (ideally after LL is formed)
If this would play out, it would support my previously shared long-term view on the weekly.
Look Familiar? Just seeing a very similar 'distribution' pattern taking shape on a smaller scale.
Thoughts?
GBPUSD strong rally.. a correction? or a trend-reverse thingy?GBPUSD price retraced to the 0.618 - 0.786 area 📈after a Monday rally, almost reaching my POI at around 1.37600. The Stoch enters the oversold area on 30m and 1h.
With a small re-accumulation 📊around 1.37000 the price broke that level and is currently heading higher. It can retrace back to around 1.36800 and head even higher to >>POI<< and 1.38000.
I'll be looking closer for a distribution signs between 1.37400 and 1.38000, looking for some nice setups to SELL ⬇️up there.
On the other side, if the price pushes down strongly below 1.36800, we can get action around 1.36600 later this week.
So, a correction, or a change of trend? I'll keep an eye on GBPUSD this week. 👀
YM - Distribution Patterns creating Confusion and DelayUnmistakable Distro Pattern.
Rotations are short lived.
FED Purchasing Arms have reversal Fills on for decline while ATH after ATH
is forced higher on decreasing Volumes.
We have 35,912 to 36,737 as potential Highs for YM - Probability is Neutral
for now, the overthrow would not hold and requires a quick and dirty move
higher.
The throw overs are common at levels, see December to February 2020.
Precisely the same pattern of Distribution.
Every throw over is a SELL imho.
Consumers are pulling back on Spending as Prices continue to elevate.
Supply chain reductions are assured as Global Production is in decline.
Confusion and Delay is ALL that is in trade until the Reversal begins.
Dumping your purse into Longs is an epic mistake.
Monthly breakaway Gap @ 28,200 will be filled into October/November,
prior to new ATHs.
The lows provide a fair probability of holding, only to reverse and move
quickly to new all time highs into 2022.
The FED will permit a fair amount of selling pressure to reduce the need
to taper, IF they were to actually taper Bond Purchases, it will not last
for more than a few months.
MBS provide a very telling statement of material FACT.
FED Purchasing $40B we know of in MBS isn't signs of a healthy Housing Market,
instead it suggests underneath the Headline Numbers, many of these products
are failing.
It is reminiscent of 2004.
Distribution began in JUNE of 2021... lots of Overpriced Zombie JUNK propped
up with share buybacks and Easy Cheesy Gamma Squeezy to unload.
Rising Pinch & Falling Wedge and Distribution/Accumulation Rising (pinch) & Falling Wedge and Distribution/Accumulation
Possible BULLISH run on EURJPYWe did break structure on the zone 130.570 that took liquidity ,of the last Higher Low , and now price is looking to tap on my POI . I'm looking for a small accumulation on lower TF inside my POI for a bullish rally to snatch liquidity from the HL's mark with red points.
Wyckoff Analysis - BTC distribution Might Ignite SoonLooking at the chart, seems like the UTAD & Preceded test were successful and the change of character is completed, all we have to do now is wait for the price to break the support line, and look for the LPSY
i don’t own Bitcoin right now, I’ll position myself when the Distribution will end
NZD/USD SEEMS TO BE IN A DISTRIBUTION PHASE !! #BECAUTIOUS NZD/USD is possibly in a Distribution Phase after a long Bull-Run. The time to SHORT/SELL a pair can be NEARBY.
Short/Sell NZD/USD is recommended once the Range Breaks Downwards. A safe SHORT ZONE could be 0.68550
Possible Targets could be 0.67130 and 0.64700.
Stop Loss is not given yet because the Price is Still In Range and TRADE IS NOT INTACT YET.
Note: This post is purely for education purpose only. Please do your own analysis before any trade.
REASONS FOR DISTRUBITION PHASE ARE AS FOLLOWING;
- No New Higher High has been formed since February 2021
- The Pair has been in a Bull-Run for more than a year
- Strong Trend Resistance is near by and it is Intact
- Descending Trendline shows that Bears are in Power
- Prices have been under 200 DMA for a while now
Possible Distribution At The Top!Although i don't trust intraday charts, It's hard to ignore the markup that has occured in the last week and how it recalls the begining of a distribution schematic, on the 6 hour chart.
The volume peak on July 26th marks the preliminary supply (PSY) moving to the overbought region of the uptrend channel. Followed by the buying climax and an automatic rally to take us over the secondary test.
Now pulling back to a sign of weekness (SOW) area.
So far, fits perfectly. That said, the upthrust (UT) and upthrust after distribution (UTAD) is to be expected. Although we cannot be sure at which price level they will reach.
Eventually distribution will end with show of second weakness, below the first one and the markup will follow the last point of supply (LPSY)
Risk management becomes very important here. As you know i'm planning to buy over 41.330 and if the UTAD in this distribution breaches my target, i wouldn't want to be caught with 100% of my portfolio. If we reach this target, i'll only invest 15% maybe less, so the rest could be used to dollar cost average my entry point and exit with profit in case of a markdown.